Base currency

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Base currency
In foreign exchange markets, the base currency is the first currency in a currency pair. The second currency is named the quote currency, counter currency or terms currency. Exchange rates are quoted in per unit of the base currency. Note that FX market convention is the reverse of mathematical convention.
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Campbell R. Harvey's Hypertextual Finance DictionaryDownload this dictionary
Base currency
Mainly applies to international equities. Currency in which gains/losses from operating an international portfolio are measured.

Copyright © 2000, Campbell R. Harvey. All Rights Reserved.
Dizionario inglese-italiano 1.0.012Download this dictionary
BASE CURRENCY
VALUTA BASE

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